State Grid Information&Communication Co LtdControlling shareholder's stake increases to 51.93% via free transfer, consolidating control without cost to the company.

State Grid Information & Communication announced that State Grid Sichuan Electric Power has transferred its 95,385,704 shares in the company, representing 7.96% of total share capital, to State Grid Information & Communication Industry Group at no cost. After the transfer, the industry group's stake increases from 43.97% to 51.93%, remaining the controlling shareholder, with the actual controller still being the State-owned Assets Supervision and Administration Commission of the State Council. This acquisition is a share transfer between different entities under the same actual controller, does not result in a change of actual controller, and is exempt from the obligation to increase holdings via a tender offer.
State Grid Information&Communication Co LtdControlling shareholder's stake increases to 51.93% via free transfer, consolidating control without cost to the company.
Industry group increases stake from 43.97% to 51.93% without cash outlay, strengthening control over the listed company.